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20121222
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days, every american's tax rates are scheduled to go up by law. >> harry reed turned to is the gnat floor. >> we are engaged in discussions, the leader myself and the white house in the hopes that we can come forward as early as sunday and have a recommendation. >> we are going to do the best we can for the caucuses we have and the country that is waiting for us to make a decision. >> reporter: democratic and republican leaders have agreed to extend jobless benefits an some tax increases, but the income threshold is not yet clear. the president and senate leaders are expressing optimism nay will get the job done, but the president has a back up plan just in case. >> if an agreement isn't reached in time, between senator reed and senator mcconnell, i will urge reed to bring to the floor an up or down vote. >> reporter: that would preserve tax cuts for the middle class and extend unemployment benefits and lay the foundation for abrader deal to come. daniel nottingham. >> reporter: wall street not inpressed by the the events in washington. the nasdaq and dow jones closed down. >>> goin
was hoping to see his mother- in-law in germany before her open heart surgery. >> the worse could happen if nobody comes, but giving up is even worse to come. >> reporter: most gave up, changing their travel plans. but for a handful of people that had a life or death situation, they were able to get a new passport. >> and you can see it, there it is. >> and there are three passport agencies in california and the understanding is that only in san francisco did a few people get their passports today. the reason for that, well, it is that the duty officer, they chose to come on in on christmas eve. as he drove in from napa to san francisco. and he says that he did it to help a few people out. in the newsroom, grace lee, cbs 5. >>> well tonight, some people, they are finding that the campaign to pro-- that it can pay to procrastinate. they are reaching the bounty of bargains. they said that they have a million reasons why they waited. >> reporter: twas the night before christmas and all through the store, a slew of last-minute shoppers with the excuses galore. >> and i have been working a lo
wanted to. so i figured i would go to law school to change to be where i want to be. >> reporter: even with a higher degree it is still tough. he is still in college and worried about his future because his friends have been forced to take jobs they don't even want. >> they settle with retail businesses. even all my friends work at mcdonald's and places like that because of the higher jobs that are hard to get these days. >> reporter: with the low- paying jobs, it will be that much harder. with tuitions rising across the nation, those bills are stacking up. >> one of my friends bar tend and work at the restaurant just to pay off the loan that she got. >> reporter: she has a 4-year- old as she is worried about what kind of a world her daughter will face. >> it is really disstressing. i got out of the school in the early 90s. it's a tough market. >> reporter: with all these college graduates, what about the people who don't have degrees? well apparently they took these jobs and now they are finding it nearly impossible to get into the job market. it's not easy if you don't have experienc
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